$SOL

/USDT Market Report – August 6, 2025

SOL/USDT is gaining strong momentum, currently trading at $168.02, with a +2.44% 24-hour gain, making it one of today’s top-performing Layer 1 coins. The price climbed from a low of $161.13 to a high of $168.55, showing solid buying pressure throughout the day. With a huge trading volume of 1.93M SOL and $316.33M in USDT turnover, the market shows high liquidity and active participation. SOL is now approaching key resistance at $171.73 – $172.26, and if bulls break this zone, it could lead to a strong rally toward $175–$180. This setup makes it highly attractive for momentum traders and intraday breakout plays.

On the downside, strong support lies between $165.26 and $162.93. As long as SOL holds above these levels, buy-on-dip strategies remain effective. A retest of $165.00 could offer a solid entry with a stop-loss below $161.13. The price is riding a bullish wave, and with clear higher lows forming, the structure supports further upside. Traders should watch for a breakout above $172.26, which could trigger a new impulse leg. With high volume backing the move and technical structure favoring the bulls, SOL/USDT is currently a high-potential trade for both short-term gains and trend-following setups. Always use proper risk control and confirmations before entering the trade.